Canada Mining News

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

Klondex finds growth opportunity in True North

Klondex Mines Ltd. released an update on the company's exploration and project development activities at its True North Gold mine, which was formerly known as the Rice Lake mine, in Manitoba, Canada.

Centerra Gold to keep Kumtor mine open as Kyrgyzstan hands key permits

The company is yet to receive an approval of its Kumtor’s 2016 mine plan, which it requires to continue operating the mine beyond June 30.

Waking up groggy truck drivers from 17,000 KM away

"The shift schedules are demanding. The work is repetitive. There are issues trying to keep people engaged in the work that they are doing."

Kirkland Lake plans $18 million exploration program at Macassa

To fund it, the miner has proposed a $15-million non-brokered offering of 1.05 million flow-through shares.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

Rio Tinto may be planning a $9bn spinoff a la BHP

Rumours follow Rio's decision to group its least loved units — coal, uranium salt, borates and its Iron Ore Co. of Canada — under a new umbrella branded as the “energy and minerals” business.

Rio Tinto to boot iron ore chief in fresh management shake-up

Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.

BC government says payments demanded for access to Crown land are not legal

According to the Association of Mineral Exploration (AME), a number of junior exploration companies and their suppliers and contractors have been approached by First Nations.

High grades light up Canadian lithium explorer

Eye-catching lithium discoveries don’t happen every day. When they do, little-known lithium explorers can suddenly find themselves in the investment spotlight.

Matamec provides an update to the Kipawa rare earths joint venture project

The joint venture plans to invest the remaining $2,030,000 CAD over the next year in pursuit of its 2015-2017 objectives.

Kinross Gold suspends work at Tasiast mine in Mauritania, shares dive

Decision follows the West African country order to expatriates whose work permits were invalid to stop working.

Canpotex abandons plans for $775-million B.C. export terminal

The overseas marketing arm of Saskatchewan’s three largest potash producers, has abandoned its plans to build a $775-million shipping terminal at the Port of Prince Rupert in British Columbia.

Lundin Gold getting closer to developing Fruta del Norte in Ecuador

With construction expected to start in 2018, the US$669-million Fruta del Norte project could finally begin production before the end of the decade.

Fort McMurray lost oil sands production could reach $1.4 billion

Analysts say lost oilsands production from the Fort McMurray wildfire could top 30 million barrels and cost the industry upwards of $1.4-billion.

Decision on TransCanada's Energy East closer than ever as federal board begins review

The East Energy pipeline is expected to generate $55 billion in economic benefit for Canada and create over 3,300 operational jobs across the country.

Glencore to sell option in Canadian gold mine

While Falco Resources fully owns the Quebec-based Horne project, Glencore has the right to buy back the 65% stake in the mine it inherited when it bought Xstrata.

Canada’s Erdene Resource sees bright future after striking gold in Mongolia

The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.

Kyrgyzstan ratchets up dispute against Canada’s Centerra Gold

President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.

Canadian project tailors microbes to extract gold without harming environment

The new technique could help improve environmental outcomes as it uses bacteria instead of chemicals such as cyanide.

Global upstream investment slashed by US$1 trillion since the oil price drop

Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

Cenovus bumps up caribou protection project with $32M investment

The company aims to replant forests along old access roads and seismic lines in an area covering 3,900 square kilometres — more than 10 times what it accomplished through its early-stage work.